CAE Inc. (NYSE:CAE) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.90, but opened at $12.00. CAE shares last traded at $12.33, with a volume of 22,028 shares traded.

CAE has been the topic of several recent research reports. TD Securities reiterated a “buy” rating and issued a $19.00 price target (up from $17.00) on shares of CAE in a research report on Friday, May 20th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, April 12th. Canaccord Genuity reissued a “hold” rating on shares of CAE in a research note on Monday, March 28th. TheStreet raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of CAE in a research note on Tuesday, May 17th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CAE has a consensus rating of “Buy” and a consensus target price of $16.50.

The firm’s 50-day moving average is $12.49 and its 200-day moving average is $11.47. The company has a market capitalization of $3.33 billion and a P/E ratio of 18.77.

CAE (NYSE:CAE) last announced its quarterly earnings data on Thursday, May 19th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $722.50 million for the quarter, compared to analyst estimates of $676.55 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Equities analysts predict that CAE Inc. will post $0.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.0582 per share. This represents a $0.23 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, June 13th. This is a boost from CAE’s previous quarterly dividend of $0.05.

A number of hedge funds have made changes to their positions in the stock. OppenheimerFunds Inc. boosted its stake in shares of CAE by 15.6% in the fourth quarter. OppenheimerFunds Inc. now owns 3,738,057 shares of the company’s stock valued at $41,468,000 after buying an additional 503,472 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in shares of CAE by 0.8% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 3,739,758 shares of the company’s stock valued at $41,484,000 after buying an additional 31,000 shares during the last quarter. Morgan Stanley boosted its stake in shares of CAE by 8.2% in the fourth quarter. Morgan Stanley now owns 434,304 shares of the company’s stock valued at $4,816,000 after buying an additional 33,037 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of CAE by 62.8% in the fourth quarter. Bank of Montreal Can now owns 1,943,354 shares of the company’s stock valued at $21,552,000 after buying an additional 749,978 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of CAE by 70.1% in the fourth quarter. State of Wisconsin Investment Board now owns 233,206 shares of the company’s stock valued at $2,577,000 after buying an additional 96,100 shares during the last quarter.

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